#SecureYourAssets

The Securities and Exchange Commission and Ripple submitted a joint request to halt their appeals in order to finalize settlement terms.

The agreement between Ripple and the U.S. Securities and Exchange Commission to pause legal appeals simply means that both parties want to conclude the lengthy case that started in 2020 regarding whether XRP is considered a security or not. This move indicates that real negotiations are currently underway with the aim of reaching a final resolution, which is very important not only for the future of XRP but for the entire cryptocurrency market.

If a settlement is reached, XRP will be considered a digital currency with a clear legal status, which could lead companies and banks that were wary of dealing with it to return to using it, especially in the field of international money transfers, which is the primary purpose for which XRP was created. Additionally, the conclusion of the case means the removal of one of the biggest obstacles that has been pressuring the price of the currency and preventing its advancement.

Simply put, this development could be a significant turning point, as it opens the door for the return of confidence in XRP, and may encourage other investors and institutions to enter the market after being hesitant due to legal issues.